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Historical Sketch of the Bank of England: With an Examination of the Question as to the Prolongation of the Exclusive Privileges of That Establishment (Classic Reprint) - Softcover
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Excerpt from Historical Sketch of the Bank of England: With an Examination of the Question as to the Prolongation of the Exclusive Privileges of That Establishment
A security of this sort has been exacted in the case of the Bank of England; and the whole lent by the Bank to Government, must be sacrificed before the holders of her notes can sustain the smallest loss. Her stability has, therefore, been truly said, by Dr. Smith, to be equal to that of the British government. The system of taking securities having been found to answer so well in the case of the Bank of England, is a powerful argu ment in favour of its extension. Were securities taken from the country banks, their ultimate failure, in the capacity of banks of issue, would be rendered impossible and a degree of solidity would be given to our money system, which it is idle to expect it can ever attain, so long as it continues on its present footing.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- PublisherForgotten Books
- Publication date2020
- ISBN 10 1332746829
- ISBN 13 9781332746828
- BindingPaperback
- Number of pages81
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Historical Sketch of the Bank of England (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book delves into the history and inner workings of the Bank of England, one of the worldâs oldest and most influential financial institutions. It explores the Bank's role in shaping the monetary system and its impact on national debt, inflation, and economic growth throughout history. The author examines the Bank's relationship with the British government and its pivotal role in financing wars and managing financial crises. The book also considers the Bank's influence on the development of banking practices and regulations, shedding light on its enduring significance in the global economy. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332746828_0
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Historical Sketch of the Bank of England With an Examination of the Question as to the Prolongation of the Exclusive Privileges of That Establishment Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332746828
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Historical Sketch of the Bank of England With an Examination of the Question as to the Prolongation of the Exclusive Privileges of That Establishment Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332746828
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